Retirement Age Choices. Incentives under the General Social Security Scheme Rules and Effects of the 1993 reform by Louis-Paul Pelé and Pierre Ralle This paper studies private-sector employees' retirement age choices in the absence of constraints. We start with a brief description of the general social security scheme and the supplementary schemes. We then propose a theoretical modeUng, which shows that it is in employees' best interests not to collect their pensions until it has reached the "full rate". Given this assumption, we study how the generation of individuals bom in 1960 would be affected by the 1993 reform. Relatively few employees would put back their retirement age. The drop in pension, affecting all employees, would depend to a great extent on the length of working Ufe.

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Wage Indexation: the 1983 Break, by Pierre Ralie, Joël Toujas-Bernate. In France in 1983, after the freeze on prices and wages, a specific policy was implemented to reduce wage indexation on prices, thereby making the job market more flexible. Similar policies were enforced in most of the OECD countries. However econometric studies are generally not very successful in revealing the consequential breaks in wage equations. This article shows that the wage indexation coefficient which was equal to one before 1982 has been reduced by about one-third since 1983 on a Phillips curb estimation.